Punjab Chemicals & Crop Protection Ltd: Key Developments from April 30, 2025

Punjab Chemicals & Crop Protection Ltd, a prominent player in the chemicals sector, has announced several significant developments following its board meeting on April 30, 2025. These updates, as disclosed in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, include changes in the board composition, financial decisions, and corporate governance.

Board Composition Changes

The board meeting resulted in notable changes in the company’s board composition:

  • Resignation of Independent Director: Mr. Sheo Prasad Singh, an independent director with DIN: 06493455, has resigned from his position. The details of his resignation are enclosed in the official letter.

  • Appointment of Additional Independent Directors: The board has appointed additional independent directors. Specific details regarding these appointments are available in the enclosed letter.

  • Appointment of Various Auditors: The company has also appointed new auditors, with further details provided in the enclosed documentation.

These changes reflect the company’s ongoing efforts to strengthen its governance structure and ensure robust oversight.

Financial Decisions

In a significant financial move, the board has recommended a dividend payout:

  • Dividend Recommendation: The board has proposed a dividend of 30%, amounting to Rs. 3 per equity share of Rs. 10 each. This recommendation is subject to approval at the forthcoming annual general meeting.

This proposed dividend reflects the company’s strong financial performance and its commitment to returning value to shareholders.

Company Overview

Punjab Chemicals & Crop Protection Ltd operates in the chemicals industry, manufacturing products such as medicine raw materials, chemical compounds, and propyl gallate. The company serves a global customer base and is listed on the National Stock Exchange of India. As of April 28, 2025, the company’s close price was INR 1076.65, with a market capitalization of INR 12,635,562,782. The company’s 52-week high and low prices were INR 1575 and INR 662, respectively, with a price-to-earnings ratio of 24.6373.

These developments are part of the company’s strategic initiatives to enhance its operational efficiency and shareholder value. Further details on these announcements can be accessed through the enclosed letters and official filings.